A disclosure document designed to give mutual fund investors key information about a fund. The document is limited to two double-sided pages in length and provides timely information that would be material to an investment decision.
What are Fund Facts?
Fund Facts are a document required by the Canadian Securities Administrators (CSA) that provide investors with key information about a mutual fund. The Fund Facts document is intended to be a concise and easily understood summary of a mutual fund’s key features, investment objectives, strategies, risks, and fees.
The Fund Facts document must be provided to investors prior to the purchase of a mutual fund, and must be updated on a regular basis to ensure that it accurately reflects the current information about the fund.
The Fund Facts document covers information such as the fund’s investment objectives, strategies, and the types of securities it invests in. It also includes information about the fund’s management, performance, and fees, as well as any potential risks associated with investing in the fund.
The goal of the Fund Facts document is to provide investors with a clear and concise understanding of the mutual fund they are considering investing in, and to help them make informed investment decisions.
Overall, Fund Facts are an important tool for investors in the Canadian mutual fund market, as they provide a standardized and easily understood summary of key information about a fund’s features, risks, and performance.
